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USANA Health Sciences Announces Fourth Quarter and Full-Year 2011 Financial Results
- 2011 marks the 9th consecutive year of record sales ($581.9 million)
- Fourth quarter net sales increase by 6.1% to $145.9 million
- Earnings per share increase to a record $3.26 for the year and $0.87 for the quarter
- Company generated $70 million in cash during 2011
- Company provides 2012 financial outlook
SALT LAKE CITY--(BUSINESS WIRE)--February 7, 2012--USANA Health Sciences, Inc. (NYSE: USNA) today announced financial results for its fiscal fourth quarter and full year ended December 31, 2011.
Net sales in the fourth quarter of 2011 increased by 6.1% to $145.9 million, compared with $137.5 million in the prior year period. This net sales growth was driven by the Company’s Asia Pacific region and was partially offset by a continued decline in net sales in the North America region.
Net earnings in the fourth quarter increased by 6.2% to $13.2 million, compared with the prior year period. This increase was due to improved gross profit margins and lower relative selling, general and administrative expenses, which were partially offset by increased associate incentive expense and a higher effective tax rate. Earnings per share for the quarter increased 16.0% to $0.87, compared with $0.75 in the fourth quarter of the prior year. This increase resulted from higher net earnings and a lower number of diluted shares outstanding due to share repurchases over the last 12 months.
The following information was filed by Usana Health Sciences Inc (USNA) on Tuesday, February 7, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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